Retirement Security Matters: June 17, 2021
Yep, it’s the start-of-summer edition. Grab yourself a beverage and nestle in for a good read:
• Jamaica’s Sanya Goffe shares some ideas about retirement security useful to all
• State metrics – closing in on a quarter of a billion – dollars
• States in action: California, Colorado, Illinois, New Mexico, Virginia, and New York State
Yah Mon! Jamaica Innovates in Retirement Security
Sanya Goffe is a Partner in the law firm Hart Muirhead Fatta and head of the Pensions Industry Association of Jamaica focused on retirement savings innovation and family retirement security. We met Sanya during her Eisenhower Fellowship – what caught us immediately was the freshness of her thinking. Some of you know what we mean. And we had to hear a bit more about this fresh thinking in Jamaica.
Grant’s Go-To’s: What is the Cost of Doing Nothing?
Establishing state-facilitated retirement savings programs (SFRPs) comes with costs, but so does doing nothing. Research on “the cost of doing nothing” highlights the potential of SFRPs to address the impact of insufficient retirement income on economic growth, tax revenues and the costs of social services.